The purpose of Ignitis Innovation Fund is to finance the development of solutions for start-ups and early-stage companies in Lithuania, the European Economic Area and Israel, and to create financial returns for investors through income and capital gains. The Fund plans to invest about 2 million euros each year to start-ups developing energy solutions. Fund invests in start-ups developing new technologies in energy and electric mobility, which can also be applied in the activities of Ignitis Group.
In 2017, Contrarian Ventures by public choice was elected as the manager of Ignitis Innovation Fund. 98.3% of the Fund shares are managed by Ignitis Group and the rest – by Contrarian Ventures.
You can find more information about the Fund, its establishment and the investment areas in the attached document.
Portfolio of Ignitis Innovation Fund
Ignitis Innovation Fund invests in start-ups globally. Meet our partners!